Business Banking majors hike MCLR rate for one-year loan Ruchi Baweja June 2, 2018, 12:08 AM IST Mumbai : Banking majors SBI and PNB on Friday hiked their benchmark marginal cost of funds based lending rate (MCLR) for its one-year loans by 10 basis points, effective from June 1. A basis point is equivalent to 0.01 percentage point. Published on: Jun 2, 2018 at 00:08 IST IANS Post navigation Previous: Mallya barred from markets for three more years: SebiNext: Trump slams TV host for insulting Ivanka More Stories Business India Metro Cities Mumbai Top Stories ED attaches over 40 properties of Reliance Anil Ambani Group worth over Rs 3,000 crore Abhinandan November 3, 2025, 11:27 AM IST Business India Top Stories CBDT extends last date for filing audit reports for assessment year 2024-25 to ……. Abhinandan September 25, 2025, 9:05 PM IST Business India Top Stories New GST rates: What gets cheaper and costlier from Sep 22 Abhinandan September 4, 2025, 12:30 PM IST
